TBD Raises $3M to Launch Human Sentiment Prediction Market
TBD, a prediction market protocol, has announced a $3 million seed round and the public launch of its platform. The service is designed to measure verified human sentiment on various topics. The launch follows a private beta period that reportedly involved over 225,000 participants and 19 million votes.
- The $3 million seed round was co-led by CMT Digital and ParaFi, with Jump Crypto also participating. An earlier $800,000 angel round included notable investors such as Solana co-founder Raj Gokal and Polygon Labs CEO Mark Boiron. - TBD was co-founded by CEO Corey Miller and Taehoon Lee, who were both formerly team members at the decentralized exchange dYdX. - The platform is built on the Solana blockchain and uses World ID to ensure that all poll participants are uniquely verified humans, aiming to create a bot-resistant system for gauging sentiment. - Unlike other prediction markets such as Polymarket or Kalshi that focus on future events, TBD's markets are explicitly tied to the outcomes of the polls it conducts. - The company's name, TBD (To Be Decided), is meant to reflect the idea that its polls are a way to uncover genuine human perspectives rather than sentiments shaped by algorithms. - During its private beta, over 4,000 markets were created on the platform. - Participants in the polls can earn USDC, with the prize pool for each poll being funded by its creator.
